Daily Market Commentary: 11 November 2016

Today we are taking a look at:

  • SA mining production growth surprises to the upside, manufacturing production growth eases, net negative contribution towards Q3 GDP likely
  • USDZAR weaken by 60-cents; USD remains strong; global majors weaker, however sterling bucks the trend and rises overnight
  • Top 40 rises 1.19%, led by resource and energy stocks; US equities mixed, Dow close to record high, Nasdaq slips; Asian markets mostly positive this morning
  • US jobless claims decline, budget deficit widens in FY16; Japanese PPI remains in deflation
By | 2017-03-02T20:54:10+02:00 November 11th, 2016|Mining and Resources|0 Comments